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NEW EMPLOYEE ORIENTATION

Wharton Human Resources Don Huesman/ Innovation Group

The History & Mission of the Wharton School

New Employee Orientation WHARTON’S MISSION

Joseph Wharton PENN’S MISSION: THE AMERICAN EXPERIMENT

Joseph Wharton

“to impart a liberal education in all matters concerning finance and economy." PRACTICE & THE ACADEMY

Henry Carey Robert Thompson Prof. Albert Bolles

Frederick Taylor Edmund James Director, Wharton School Of Finance & Economy PENN’S UNDERGRADUATE CLASS OF 1884

Among the class of 1884, the first five Wharton graduates, Shiro Shiba, future member of Japanese Diet and Robert Adams, US Congressman and future

US Ambassador to Brazil 6 WHARTON’S MEN

“(Our students should be) of superior inheritance or promise, either of money, of vigor, of health, of mental equipment, or of family, social or political influence [who would be] more apt to be given or to secure positions of executive responsibility in later life than those without these advantages” THE “PROGRESSIVE” FACULTY & ACADEMIC FREEDOM THE PROFESSIONS AFTER “THE GREAT WAR”

Solomon Huebner, Emory Johnson, life Insurance and transportation research, human theory and the Panama Canal.

Edward Mead, accounting and the CPA A PASSION FOR DATA

Professor Joseph Willets, creates first business school research center – Industrial Research Unit 1921.

Paul Green, reinvents market research with conjoint analysis, 1960’s. Simon Kuznets, Nobel recipient, statistical measures of economic activity, GDP

Lawrence Klein, Nobel prize for work on econometrics, 1980. RESEARCH CENTERS A DIVERSITY OF VOICES

W.E.B. Dubois, Wharton fellowship, 1899, documents conditions of urban blacks.

Frances Perkins, Wharton alumna, FDR’s Secretary of Labor & first female US Cabinet member, 1932

Dorothy Swain Thomas, first female Wharton professor, 1946 LOGAN HALL

13 DIETRICH HALL, 1952 – VANCE HALL,

14 WHARTON TODAY

15 KNOWLEDGE FOR ACTION

endoscopic surgery in vitro fertilization nursing the teaching hospital the vet school dental the American Medical Association positron emission tomography

collective bargaining

econometrics GDP decision the business school life insurance business ethics curriculum arts & conjoint analysis engineering design the general-purpose bioengineering electronic computer the law school public policy the US Presidency education THE AMERICAN EXPERIMENT:

NOW IT BELONGS TO THE WORLD

More than 4,800 undergraduate, MBA, Exec. MBA and Ph.D students from over 100 countries

10,000+ Exec Ed annual participants

90,000+ alumni in 145 countries

250 standing and associate faculty

600+ regular full/part-time staff KNOWLEDGE FOR GLOBAL IMPACT

What I see so vividly now is the unparalleled breadth and depth of world-leading talent at Wharton—among our faculty and staff, students and alumni—coupled with an innate and unique entrepreneurialism in the DNA of the place and everyone associated with it. October 27, 2014

6/21/ 18 2016 MBA Program An Introduction Maryellen Reilly Deputy Vice Dean, MBA Career Management, Admissions & Financial Aid Organizational Chart

Howard Kaufold Vice Dean

Suzanne Kauffman DePuyt Sr. Director, Strategic Initiatives & Communications

Jeff Klein Stephan Kembrel Jones, Maryellen Reilly Lisa Warshaw Dieckmann, Executive Deputy Vice Dean Deputy Vice Dean Deputy Vice Dean Director, Wharton Director, McNulty Leadership Academic Affairs Student Life MBA Career Management, Program Program Admissions & dual report to Financial Aid Mike Useem, Management Dept. MBA Program Experience

• Attracting and enrolling students with highest promise and potential • Supporting students in gaining experiences and knowledge to thrive in a complex and changing world • Graduating leaders who have the ability and drive to make an impact Developing Leaders in Business

Undergraduate Wharton Life Cycle MBA 515 in incoming class Arrival 855 in incoming class ~18 years age, potential ~28 years age, work experience Penn admissions Wharton admissions 4 Years Life at Wharton 2 Years 2,500 undergrads (10,000 Penn) 1,700 MBAs • 41% women • 41%13% Women dual degrees in MBA • 87 countries • 75 Countries29% dual degrees in UG • 30% dual degree • 13% dual degree Fixed core/liberal arts Fixed and flexible core 20+ concentrations 18 majors Wharton advising Wharton advising Wharton & Penn student organizations Wharton student organizations 642 graduates Departure 831 graduates 92% employed + 3% grad school 95% employed Penn Career Services Wharton Career Management

Note: Incoming class and graduating student numbers are from 2015. MBA Student Body

1,708 MBA students (Classes of 2016 & 2017) • 41% women • 31% non-US citizens/residents (75 countries represented) • 13% dual degree

Class of 2015 • 855 Graduates • 42% women • 34% non-US citizens/residents • 12% dual degree • Majors: 37% Finance, 30%Management, 23%Entrepreneurial Management, 17%Marketing and Operations, 7%Strategic Management

Name of Presentation MBA Class of 2017: Profile

Application Volume 6,590 Previous Industry Experience Class Size 861 Consulting 23% Female 43% Private Equity/Venture Capital 10% International Students 32% Investment Banking 11% Countries Represented (including those with dual Government/Military/Non- 11% citizenships): 73 Consumer Products/ 10% Retail/Healthcare/Energy US Students of Color 30% Mean years of work 5 years Other Financial Services 7% experience: /Internet/ 6% Work experience range: 0-16 years Ecommerce Mean GMAT overall score: 732 Investment Management 6%

GMAT Middle 80% range: 700-770 Real Estate 2% Other 10%

Undergraduate Majors Humanities/Social Science/Economics 42% Business 29% STEM (Science, Technology, Engineering, 25% Math) Other 4% Full-Time Employment Statistics 2015* 2014 Job Search Status of Students Seeking Employment Offers Accepted By Industry n % n % 26.4% Consulting 25.9% Investment Banking 14.0% RECEIVED offer 613 98.2% 599 98.2% 14.2% 11.5% Technology… 13.7% Investment… 10.3% 10.3% ACCEPTED offer 591 95.2% 586 96.1% Private… 9.3% 2015 9.0% 2014 7.5% Consumer… 7.5% Starting 6.1% Business/Self- 34 55 Heathcare 5.8% Employed 4.7% Other 3.8% Accepted Offers by Location 3.1% Real Estate 2.2% 84.0% 80.6% 2.2% Media &… 2.4% International 16.0% 19.4% 1.9% Social Impact 1.9% Compensation 1.7% Median Base 1.9% $125,000 $125,000 Salary 1.2% Energy 1.7% Median Sign-on $25,000 $25,000 Bonus 0.0% 10.0% 20.0% 30.0% * Preliminary% of Students stats as of 9/14/15 MBA YOY Full-Time Employment Statistics Offers Accepted By Industry 26.3% Consulting 29.1% 2015 2010 2005 26.1% Students 14.0% Investment Banking 20.6% seeking 22.2% employment 11.3% with an 98% 88% 94% Technology Industries 5.6% 6.1% offer: Inv. Mgmt/Hedge 10.5% 8.0% Students Funds 9.0% seeking Private Equity/Venture 9.3% employment 7.8% accepted an 95% 86% 93% Capital 7.6% offer: Consumer 7.4% 5.8% Full-Time Offers Accepted by Location Goods/Retail 5.6% 6.1% United States 85% 76% 83% Heathcare 7.0% 6.7% 2015 4.8% International 16% 24% 16% Other 4.9% 2010 6.1% Median Full-Time Compensation 2005 3.0% Real Estate 2.7% Median Base 3.5% Salary $125,000 $110,000 $100,000 2.5% (annual) Media & Entertainment 2.0% 1.9% Median Sign- $25,000 $20,000 $20,000 2.0% on Bonus Social Impact 1.7% 1.1% Not Seeking Employment 1.7% Manufacturing 2.4% Starting 36 30 9 2.4% Business 1.2% Energy 2.0% Sponsored 95 61 23 0.8% 0.0% 10.0%20.0%30.0%40.0% % of Students WG16 Career Preference by Geography

Global Preferences Preference within U.S. Middle South Other Southe Midwes Southw Europe East/AfrAmerica 1% ast t est 3% ica 2% 2% 2% 2% Asia 2% 6%

West Coast 23% Northea st 46% North Americ a 86% No Prefere nce 25% MBA Placement

Top Five Industries 2005 2010 2015 Employed (accepted 26.1% 93% 86% 95% Consulting 29.1% offer) 26.3% Median Full-Time Compensation

22.2% Median Base Salary $100,000 $110,000 $125,000 Investment Banking 20.6% (annual) 14.0% Median Sign-on Bonus $20,000 $20,000 $25,000 6.1% Technology Industries 5.6% 11.3% Class of 2015 Top MBA Majors: 9.0% Inv. Mgmt/Hedge Funds 8.0% • 37% Finance 10.5% • 30% Management Private Equity/Venture 7.6% 7.8% • 23% Entrepreneurial Management Capital 9.3% • 17% Marketing and Operations 0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0% • 7% Strategic Management % of Students 2005 2010

MBA Program Follow Wharton on Social Media to learn more!

KNOWLEDGE FOR ACTION New Employee Orientation Additional Slides from Overseers Meeting

Name of Presentation MBA YOY Full-Time Employment Statistics 2015 2010 Offers Accepted By Industry Students 26.3% seeking Consulting 29.1% employment 98% 88% Investment… 14.0% with an offer: 20.6% 11.3% Students Technology… 5.6% seeking 10.5% employment Inv.… 8.0% accepted an 95% 86% 9.3% offer: Private… 7.8% Full-Time Offers Accepted by Location 7.4% Consumer… 5.8% United States 85% 76% 6.1% Heathcare 7.0% International 16% 24% Other 4.8% 2015 Median Full-Time Compensation 4.9% 2010 Real Estate 3.0% Median Base 2.7% $125,000 $110,000 Salary (annual) 2.5% Media &… 2.0% Median Sign-on $25,000 $20,000 2.0% Bonus Social Impact 1.7% 1.7% Not Seeking Employment Manufacturing 2.4% Starting 1.2% 36 30 Energy 2.0% Business

Sponsored 95 61 0.0%10.0%20.0%30.0%40.0% % of Students

Undergraduate Division

Lori Rosenkopf Vice Dean & Director, Wharton Undergraduate Division Simon and Midge Palley Professor Business and More

• 4-year integrated business and arts & sciences curriculum • 40% of the degree requirements are taken outside of Wharton • 20+ business concentrations • Interdisciplinary study, including coordinated dual-degree programs • Teamwork and leadership development

Undergraduate Division Undergrad Facts and Figures

2,400 Wharton undergraduates 40% female 21% international 30% pursue more than one degree (College, Engineering, Nursing) 19% pursue a minor 25% study abroad 9 cohorts 45+ student clubs

Undergraduate Division UNDERGRADUATE DIVISION

Lori Rosenkopf Vice Dean

Jonathan Katzenbach Managing Director

Scott Romeika Lee Kramer Director Director Academic Affairs Student Life/ & Advising WIP/WIEP

Michael Frank De Francis Bethany Schell Meredith Stone Lindy Black- Sr. Associate Teran Tadal Business Program Margida Colligan Director Associate Director Administrator Coordinator Sr. Assoc. Director Associate Director Communications Academic Affairs Student Life

Melissa Rumley Charles Price Administrative Bernadette Butler Alissa Carpenter Jenna Tesauro Financial Admin. Administrative Coordinator Administrative Associate Director Coordinator Sr. Assoc. Director, Coordinator Assistant Advising Student Life

Utsav Schurmans Maher Zerkani Administrative Sr. Assoc. Director, Graduate Financial Admin. Assistant Research & Coordinator Assistant Scholars

Student Asst. Ufuoma Abiola Student Asst. Associate Director

Kendal Barbee Associate Director

Elizabeth Sutton Associate Director

Undergraduate Division Admissions, Communications, Finance, Operations

Jonathan Katzenbach, Managing Director Liaison with Office of Undergraduate Admissions Quaker Days for admitted students Communications Financial and administrative support Special programs (Senior Capstone, pre-college programs)

Undergraduate Division Academic Affairs and Advising

Scott Romeika, Director Academic advising Academic standing Curricular enhancement Research and scholars programs

Undergraduate Division Student Life and Wharton International & Industry Exploration Programs

Lee Kramer, Director Lunch & Learn: Take Your Professor to Lunch Clubs, cohorts, class-year events Wharton International Program Wharton Industry Exploration Program Career Exploration Series Student-alumni engagement

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Undergraduate Division

Wharton Computing

Dan Alig, CIO Agenda

• ORGANIZATION OVERVIEW • CURRENT PROJECTS • COMPUTING SECURITY

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Wharton Computing Organization

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Wharton Computing Wharton Computing

Client Technology Dave Comroe

Distributed Representatives • Nancy Golumbia Communications • Tony Kutovoy Scott McNulty • Liza Law • Stan Liu • Alex Milne • John Singler

Wharton Computing Enterprise Research & Solutions Analytics Joe Cruz Alec Lamon

Executive Instructional Education Technology Olaino Hardaway David Siedell

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Wharton Computing Wharton Computing

Client Technology Dave Comroe

Distributed Representatives • Nancy Golumbia Communications • Tony Kutovoy Scott McNulty • Liza Law • Stan Liu • Alex Milne • John Singler

Wharton Computing Enterprise Research & Solutions Analytics Joe Cruz Alec Lamon

Executive Instructional Education Technology Olaino Hardaway David Siedell

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Wharton Computing Academic Departmental Representatives

https://inside.wharton.upenn.edu/faculty/distributedreps.shtml 46

Wharton Computing Administrative Departmental Representatives

https://inside.wharton.upenn.edu/staff/ 47

Wharton Computing Communications

http://technology.wharton.upenn.edu 48

Wharton Computing Enterprise Solutions

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Wharton Computing Instructional Technology

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Wharton Computing Research IT Services Dissemination Services Consulting Services

• Knowledge@Wharton • Code optimization • Knowledge Now • Statistical help Define • Elastic architectures • Faculty CMS problem/ • SSRN/ResearchGate question • Code reviews • Security expertise

Design Publish the results Research research Process Analysis Services Acquisition Services • HPC cluster Analyze Collect • Mozenda data data • Cloud bursting • Behavioral Lab • Storage/tools • Dataset acquisition • Programming and tracking • Qualtrics/mTurk [email protected] 51

Wharton Computing Executive Education

http://wrds.wharton.upenn.edu 52

Wharton Computing Current Projects Office 365 • Outlook.com • University-wide • ProPlus Download!

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Wharton Computing Virtual Meetings

http://meeting.wharton.upenn.edu 55

Wharton Computing 56

Wharton Computing 57

Wharton Computing Security

Top Three things to be aware of… Use good • Use unique passwords for all passwords your accounts • Don’t tell anyone your password • Change your passwords regularly • Use a combination of letters, numbers, and special characters

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Wharton Computing Be careful with sensitive data

• Be aware of what sensitive data you work with. • Store it on a central server. • Back it up. • Encrypt it.

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Wharton Computing Phishing signs

• Poor wording • Asks for your password • Verify URL in your browser • Check the Sender

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Wharton Computing Bonus Security Tip

Because we care… Don’t download copyrighted materials

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Wharton Computing

UNDERSTANDING WHARTON’S FINANCIALS Sources of Funds FY15

Sponsored Research WRDS 3% 4%

Endowment Inc. & Gifts 23% Tuition & Fees 55%

Executive Education 15% Uses of Funds FY15

Capital Projects 3%

Central Services 12%

Student Aid Comp/Benefits 10% 48%

Current Expense 27% Endowment

FMV of Endowment $1,300 $1,289 $1,200 $1,159 $1,029 $1,100 $915 $1,000 $888 $900 $761 $752 $800 $747 $607

Millions $656 $700 $533 $600 $478 $500 $406 $376 $387 $400

$300 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Endowment

Wharton's Endowment at June 30, 2015 - $1.29 Billion

Research Programs 36% Endowed Professorships 37%

Harvard Business School Endowment: $3.0 Billion (est.) Student Aid 27% Stanford Graduate School of Business Endowment: $1.36 Billion (est.) Standing Faculty

235 230 230 229 229 227

225

220 219 217

215 212 211 210 210 206 205

200

195

190 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Staff Headcount

687

672

634

608

589 590

FY10 FY11 FY12 FY13 FY14 FY15 Capital Expenditures

$20.0 $18.9

$18.0

$16.0 $14.6 $14.5 $14.0 $13.0 $13.0 $11.9 $12.0 $10.1 $10.0

Millions $7.7 $8.0 $6.3 $6.0 $3.7 $4.0

$2.0

$0.0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Major Capital Projects Completed or Planned Since FY11 • SH-DH Café, Basement Hallway & First Floor $6.2 million • Vance Hall 1st & 2nd Floor $4.7 million • SH-DH 4 Story Addition & Classrooms 350 & 351 $18.5 million • Penn/China Center $6.3 million • 2401 Walnut Street $1.5 million • WEMBA Relocation $2.2 million • SHDH Air Handler Replacement $2.7 million • JMHH Classroom Renovations $5.6 million • SCC Guest Rooms $2.8 million • SHDH First Floor $2.5 million • SHDH HVAC $2.5 million • SHDH Atrium & 1st Floor Classrooms $2.0 million • M&T Building $7.5 million • Overbuild behind SHDH $45.0 million Key Challenges/Opportunities

• The space issues of the school continue to be a challenge. We have very little usable space left for faculty or staff. This will continue to require additional investments in existing buildings, use of more external rental space, and reorganization of existing space at additional cost. The SHDH Tower was built to alleviate space and classroom needs, but is already full. • New educational opportunities such as Semester in San Francisco, Global Modular courses, Social impact programs and Leadership initiatives have added only costs for the school not new revenue. • External Affairs had an excellent FY15 and is poised for success in FY16 as well. • Executive Education’s revenue and margin growth stalled over the last few years. The new management team is tasked with re-launching the business and growing its revenues and margins. The School is dependent upon the contribution from Exec Ed to fund initiatives and research. • The opening of a Penn/Wharton China Center in Beijing has generated large donations while still presenting operational and financial challenges for the School. The Public Policy Initiative, On-line Learning, Knowledge@Wharton, and our Innovation group continue to spread the Wharton brand around the globe.